ORIGINAL PUBLICATION HERE. PDF version HERE. Перевод на русский ЗДЕСЬ. 中文 With its cost estimated to run into trillions of dollars and main developments spread over 68 countries in three continents, it is quite natural for China’s belt and road initiative to be in the spotlight of all participating countries and business sectors. Asia Insurance Review spoke with […]

ORIGINAL PUBLICATION HERE Chinese President Xi Jinping has told senior officials to strengthen their ability to prevent and defuse major risks to ensure sustained and healthy economic development and social stability, according to the Xinhua news agency. In his speech, Mr Xi who is also general secretary of the Communist Party of China (CPC), highlighted […]

ORIGINAL PUBLICATION HERE The coastal Indian state of Kerala suffered an estimated economic loss of $4.5bn due to the floods that ravaged the state in August this year. Kerala has demanded that the federal Indian government provide additional resources to rebuild the state’s damaged infrastructure. Kerala’s demand for additional resources has initiated a debate about […]

ORIGINAL PUBLICATION HERE ILS has potential for deployment and growth in Asia, where insurance penetration is low and natural and manmade catastrophes inflict huge economic costs on governments, causing considerable strain on state budgets. JLT Re’s ex-CEO, Michael Reynolds believes that the Asian region with its underlying growth and development is going to be important […]

ORIGINAL PUBLICATION HERE The underinsurance gap in Asian countries has widened by 9.4% to $134bn today from $122.5bn in 2012, according to new research from Lloyd’s, the world’s specialist insurance and reinsurance market, and the independent consultancy Centre for Economics and Business Research (CEBR). The Lloyd’s Underinsurance Report 2018 says that globally, an estimated $163bn of assets […]

ORIGINAL PUBLICATION HERE Asia is poised to be the next frontier for the growth of insurance linked securities (ILS) as ILS funds continue to diversify their investment portfolios, according to Ms Jacqueline Loh, deputy managing director of MAS at the Artemis ILS Asia 2018 Conference on 12 July. She said that although at first glance, […]

ORIGINAL PUBLICATION HERE Climate risk insurance plays an important role in protecting populations, and public-private partnership is the way forward in this strategy, said German Federal Ministry for Economic Cooperation and Development state secretary Martin Jaeger, with a focus on the climate risk issue in his special address yesterday morning at this year’s Global Insurance […]

ORIGINAL PUBLICATION HERE There are encouraging signs that the natural catastrophe protection gap in Asia can be bridged, owing to factors such as relaxation of market access restriction in the region as well as the power of technology. Speaking at the 16th Conference on Catastrophe Insurance in Asia in Singapore yesterday, Swiss Re’s Head of […]

Acting as both an aggregator and a subscription market, you benefit from the classic retail-wholesale framework. This provides Lloyd’s Syndicates and global reinsurers with alternative capacity or capital from areas of the world with little previous exposure to CAT retrocession written on a worldwide basis – despite having the necessary infrastructure in place to enter the market.

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